AP

This Week: US retail sales, home sales, Deere & Co. earns

May 15, 2022, 9:10 PM | Updated: 9:32 pm

A look at some of the key business events and economic indicators upcoming this week:

SIZING UP RETAIL SALES

The Commerce Department serves up its monthly tally of U.S. retail sales Tuesday.

Economists predict sales at restaurants, shops and other retailers rose a seasonally adjusted 0.8% in April from the previous month. That would match March’s increase. The retail report covers only about a third of overall consumer spending and doesn’t include services such as haircuts, hotel stays and plane tickets, areas that have been rebounding from the depths of the pandemic.

Retail sales, monthly percent change, seasonally adjusted:

Nov. 0.6

Dec. -1.6

Jan. 2.7

Feb. 1.7

March 0.8

April (est.) 0.8

Source: FactSet

HOUSING MARKET BAROMETER

The National Association of Realtors issues its April snapshot of U.S. home sales Thursday.

Economists predict sales of previously occupied U.S. homes slowed to a seasonally adjusted annual rate of 5.60 million properties last month from 5.77 million a month prior. March sales were the slowest in nearly two years as swiftly rising mortgage rates and record-high prices discouraged many would-be homebuyers.

Existing home sales, in millions, seasonally adjusted annual rate:

Nov. 6.33

Dec. 6.09

Jan. 6.49

Feb. 5.93

March 5.77

April (est.) 5.60

Source: FactSet

DIG THIS

Wall Street expects a solid quarterly report card from Deere & Co.

Analysts predict the maker of tractors and agricultural equipment will report Friday that its fiscal second-quarter earnings and revenue increased versus the same period last year. In February, Deere reported mixed results for its fiscal first quarter, as costs related to supply chain disruptions and the delayed ratification of a labor contract cut into profits.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

AP

Arizona and New York attorneys feud over extraditing suspect...

Associated Press

Why Alvin Bragg and Rachel Mitchell are fighting over extraditing suspect in New York hotel killing

Maricopa County Attorney Rachel Mitchell says she isn't into extraditing a suspect due to her lack of faith in Manhattan’s top prosecutor.

2 days ago

A Gila monster is displayed at the Woodland Park Zoo in Seattle, Dec. 14, 2018. A 34-year-old Color...

Associated Press

Colorado man dies after being bitten by pet Gila monster

A Colorado man has died after being bitten by his pet Gila monster in what would be a rare death by one of the desert lizards if the creature's venom turns out to have been the cause.

3 days ago

Police clear the area following a shooting at the Kansas City Chiefs NFL football Super Bowl celebr...

Associated Press

1 dead, many wounded after shooting at Kansas City Chiefs’ Super Bowl victory parade

One person died after 22 people were hit by gunfire in a shooting at the end of the Kansas Chiefs' Super Bowl victory celebration Wednesday.

10 days ago

This image from House Television shows House Speaker Mike Johnson of La., banging the gavel after h...

Associated Press

GOP-led House impeaches Homeland Security Secretary Mayorkas — by one vote — over border management

Having failed to impeach Homeland Security Secretary Alejandro Mayorkas the first time, House Republicans are determined to try again Tuesday.

11 days ago

Defense Secretary Lloyd Austin, right, and Kenya's Defense Minister Aden Duale, left, listen during...

Associated Press

Defense Secretary Lloyd Austin hospitalized with bladder issue

Defense Secretary Lloyd Austin has been hospitalized following symptoms pointing to an “emergent bladder issue."

13 days ago

Joel Osteen, the pastor of Lakewood Church, stands with his wife, Victoria Osteen, as he conducts a...

Associated Press

Woman firing rifle killed by 2 off-duty officers at Houston’s Lakewood Church run by Joel Osteen

A woman entered the Texas megachurch of Joel Osteen and started shooting with a rifle Sunday and was killed by two off-duty officers.

13 days ago

Sponsored Articles

...

DISC Desert Institute for Spine Care

Sciatica pain is treatable but surgery may be required

Sciatica pain is one of the most common ailments a person can face, and if not taken seriously, it could become one of the most harmful.

...

Collins Comfort Masters

Here’s 1 way to ensure your family is drinking safe water

Water is maybe one of the most important resources in our lives, and especially if you have kids, you want them to have access to safe water.

(KTAR News Graphic)...

Boys & Girls Clubs

KTAR launches online holiday auction benefitting Boys & Girls Clubs of the Valley

KTAR is teaming up with The Boys & Girls Clubs of the Valley for a holiday auction benefitting thousands of Valley kids.

This Week: US retail sales, home sales, Deere & Co. earns